Advanced Search

C. Mahendra Exports FY Sales +6%, Profit -28%

May 16, 2012 5:15 AM   By Dilipp S Nag
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... C. Mahendra Exports Ltd. reported that net sales rose 6 percent year on year to $361.1 million (INR 19.48 billion) for the fiscal year that ended on March 31, 2012. The Mumbai-based diamond and jewelry manufacturer didn’t cite a specific reason for the increase.

Net profit, however, fell 28 percent to $7.7 million (INR 414.1 million) during the year due to higher expenditure and finance costs.

Total expenditures rose 7 percent to $344.9 million (INR 18.61 billion), while finance costs surged 47 percent to $19.5 million (INR 1.05 billion), C. Mahendra reported. The company sells its jewelry under the brand name “Ciemme.”

*Note: All data was published in rupee. Any references to U.S. dollar amounts were made according to exchange- rate conversions by Rapaport News.
Tags: C. Mahendra, C. Mahendra Exports, Ciemme, diamond, Dilipp S Nag, India, Jewelry, Rapaport
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.